Methanol Chemicals Company JSC (Saudi Arabia)

Methanol Chemicals Company JSC, located in Al Jubail Industrial City, is a public Saudi joint-stock company that was established in 1989 as the Saudi Formaldehyde Chemicals Company. It changed its name to Methanol Chemicals Company (Chemanol) after a successful IPO in 2008. With a paid-up capital of SAR 674,508,630, Chemanol is the first private sector petrochemicals company in the GCC. The company has a total annual production capacity of nearly one million metric tons and exports 26 product grades to over 50 countries in more than 21 different industries. Chemanol is known for being one of the most integrated and reliable global producers of methanol and derivatives. It is also the largest formaldehyde producer in the GCC and one of the largest in the world. Chemanol manufactures premium-grade methanol derivatives, including aqueous and urea formaldehydes, superplasticizers, amino resins, hexamethylene tetramine, paraformaldehyde, dimethyl formamide, methylamines, pentaerythritol, and sodium formate. These products find applications in various industries such as agriculture, automobiles, pharmaceuticals, and construction.